1. Views on DAOs
DAOs were one of the earliest blockchain sectors I was optimistic about, dating back to around 2018–2019.
At that time, I viewed DAOs with far greater enthusiasm than DeFi for several key reasons:
- Full On-Chain Operation Potential: In theory, DAOs can operate entirely on-chain, completely independent of centralized world interference.
- DeFi's Limitations: Most DeFi applications rely on oracles feeding off-chain data—creating vulnerability points for external manipulation.
My ideal DAO would be:
👉 A fully autonomous system governed by smart contracts capable of self-sustaining project development without human intervention.
Current Reality vs. Ideal
Despite years of experimentation:
- Limited Adoption: Projects like Aragon exist but lack significant usage.
- Token Voting Dominance: Most DAOs function merely as token-based voting systems, with decision-making power often retained by founding teams or major investors.
- Centralization Persists: True decentralized governance remains elusive.
Future Outlook
I maintain that truly autonomous DAOs will emerge, likely featuring:
- Globalized Leadership: Core teams transcending geographical boundaries.
- Token-Incentivized Collaboration: More efficient than GitHub-style cooperation due to embedded economic incentives.
- Uninterruptible Smart Contracts: Enhancing transparency beyond current open-source models.
2. Evaluation of ENS
ENS (Ethereum Name Service) holds a paradoxical position:
- Ethereum OG Status: Its longevity attracts recurring interest.
- Stagnant Development: Perceived as lacking innovation despite its first-mover advantage.
Key Observations:
- Secondary Projects Outpacing: Tools like ens.vision show more dynamism than ENS itself.
- Layer-2 Expansion Delay: Early 2024 announcements about scaling solutions haven't yielded visible progress.
- Personal Action: Sold ENS tokens but retained select premium domain holdings.
3. ORDI Team Structure
Understanding ORDI requires distinguishing between:
- Static Token Design: ORDI exists as a fixed script with no ongoing technical maintenance.
- Protocol Evolution: Subsequent inscriptions/runes represent new tokens under modified protocols—analogous to Bitcoin's relationship to altcoins.
Team Definition Clarification:
👉 ORDI operates teamlessly post-launch, whereas its founders' later developments constitute separate initiatives.
FAQ Section
Q1: Can DAOs realistically replace traditional corporations?
A: Not in their current form. Future viable DAOs will likely hybridize decentralized governance with professionalized core teams.
Q2: Why hasn't ENS capitalized on its early lead?
A: Potential factors include insufficient protocol upgrades and slow adaptation to layer-2 ecosystems.
Q3: Is holding ORDI similar to holding Bitcoin?
A: Conceptually yes—both are foundational assets—but ORDI lacks Bitcoin's network effects and institutional adoption.
Q4: What makes a DAO successful?
A: Critical mass of engaged stakeholders, clear governance mechanics, and sustainable tokenomics—all still evolving.
Q5: Are ENS domains worth collecting?
A: High-value short names retain utility, but broader adoption depends on ENS revitalizing its ecosystem.
Q6: How do inscription tokens differ from smart contract tokens?
A: Inscriptions are immutable data entries, whereas smart contract tokens enable programmable functionality.